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TechFlow news, according to Tether's latest report, based on Bitcoin prices in the first quarter, they held 52,698 bitcoins. By June, this number had increased to 55,008.
Tether acquired an additional 2,310 bitcoins in the second quarter, worth nearly $70 million, but this falls short of their previously stated commitment to invest 15% of profits into Bitcoin. The $70 million represents only 7% of Tether's operating profit for Q2.
According to Tether's latest report, based on Bitcoin prices in the first quarter, they held 52,698 BTC. By June, this had increased to 55,008 BTC. During the second quarter, Tether added 2,310 BTC—worth nearly $70 million—though this falls short of their previously stated commitment to invest 15% of profits into Bitcoin, as the $70 million represents only 7% of Tether's operating profit for Q2.
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